4. Social Mandatory & optional pro t sharing Because of the coexistence of legally distinct companies, there is no single system of pro t sharing and incentive plans for the Group. These schemes are widely implemented in France, however, with amounts distributed by the Group in 2023 of €19.2 million in mandatory profit sharing (participation) in respect of 2022 and €6.5 million in incentive payments (intéressement) in respect of 2022, equivalent to 4.6% of the total payroll. In 2023, the Group also paid out supplementary pro t sharing in addition to local initiatives and the customary negotiations. 4.6 Labor relations GEODIS attaches great importance to freedom of association and the right to collective bargaining, principles that are enshrined in the Group’s Code of Ethics. The Group maintains a permanent and constructive labor relations dialogue with its employee representatives. GEODIS has structured its labor relations dialogue to allow for effective local exchanges with employee representatives at the local level and at the European level with the existence of a European Consultation Committee (ECC). Established more than 20 years ago, the ECC is a single body operating at European level that serves as a forum for exchange and information and represents the Group’s 24,098 European employees. The ECC provides employee representatives with information on the Group’s social, environmental, economic and nancial situation, and enables them to express their observations, make proposals and adopt positions. The Committee meets twice a year and is made up of 26 employee representatives. At a local level, each line of business and each region has its own management and decision-making bodies for the organization of its labor relations, in accordance with local regulations. France The Group’s employees in France are represented by: ● 1,140 employees participating in representative bodies, i.e., 7% of the total number of permanent employees in France; ● 121 employees appointed by a trade union as representatives, i.e., approximately 0.8% of the total permanent workforce in France. The Distribution & Express and European Road Network lines of business (which represent 71% of the total workforce in France) have signed labor relations agreements to organize the proper exercise of trade union rights and to make the trade unions genuine partners and players in this labor relations dialogue. In 2023, 68 collective agreements were negotiated and signed between employee representatives and Group entities. The main issues covered by these agreements are salaries, gender equality, quality of life at work, profit sharing and the holding and organization of professional elections. Europe (excluding France) The organization of labor relations in Europe (excluding France) varies from one country to another. 11 of the 17 subsidiaries in Europe have works councils made up of employee representatives. Collective agreements covering a variety of subjects may be negotiated, applying to all employees or only to certain categories of employees. In 2023, four collective agreements were signed in Europe (two in Sweden, one In Denmark and one in Ireland). These agreements cover employment conditions, salary increases, days of additional leave and severance pay. Asia (Asia-Pacific & Middle East) In Asia-Paci c and the Middle East, two collective agreements have been signed for a three-year period of three years in Vietnam and Singapore, within the entity Keppel Logistics. These agreements contain numerous provisions, notably on employment conditions, working hours and salaries. Americas In the United States, 91 union representatives are present at certain Group sites, notably in Memphis, Tennessee and Chicago, Illinois. In 2023, a collective bargaining agreement that was under negotiation for the Memphis site was finalized (signed in January 2024). It is chiefly concerned with working conditions, pay, leave and seniority. In Brazil, a collective labor agreement is in force, covering various subjects, including working hours and employee pro t sharing. In Mexico, meanwhile, 22 collective agreements signed between management and a local union on employment conditions, working hours and compensation are currently in force. 74 - 2023 ACTIVITY AND SUSTAINABILITY REPORT
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